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We have seen lots of price volatility in the coffee futures market since mid-October. Last Friday, the price put in a significant bearish reversal when March futures rose to $1.40 per pound, the highest price since September 2017. Coffee settled on the week at just over $1.30 after trading to a low at $1.2920 per pound on December 13.
The price of coffee rose from the lowest price since 2005 when it traded at 86.35 cents in mid-April of this year.
Coffee beans are one of the primary cost of goods sold inputs when it